economy with. global financial headlines kaiser report. the official. language stream quality. favorites. if you're away from. mobile devices you can watch on t.v. any time anyway. story be beaming ins in iran. british geologists discovered iran was sitting on an emotional oil and they decided they would take and they formed the anglo persian oil company and made

a deal with the iranian monarchy. they guaranteed itself all iran's oil. shortly after that the british government bought fifty one percent of the company and of the suggestion of winston churchill the british navy switched re coal to oil the warships the projected british power all of the world were now running one hundred percent wrong. and that in one thousand fifteen to go ronnie and decided to take their oil. the democratically elected government of prime minister mohammad most attack nationalized the anglo iranian oil company. he banished all the british diplomats and along with them the secret agents who were plotting his overthrow so prime minister churchill asked president eisenhower to overthrow most and act on their behalf the cia and the british helped stage the coup that ended the last

democratic government in iran ever. after most of that was overthrown he was sentenced to three years in the president and house arrest for life. after the cia deposed most of the place muhammad raise ashot power the shah ruled for twenty five years with the increasing pressure until finally spoke provoked them eight hundred seventy miles off revolution. with fundamentalists clerics now in power the company that would eventually be known as b.p. was forced to look elsewhere for their oil.

we're all the product of our environment. i grew up in a unique place believe. this is one part of dances to a different to. louisiana is in my blood it shaped who i am. a lot of people i grew up with became fishermen or musicians or oil workers. or shops. i became some of. my family has deep roots in the easy and. the do praise the daily bars in the show bands all immigrated from france and settled in this region over one hundred years ago. and when oil was discovered we leased our land to the oil

companies. the oil companies supplied the jobs and the money. and we all went along for the ride. in the gulf of mexico. coast state an accident occurred old piece by piece the rig known as the deepwater horizon was drilling in over a mile of water and over three miles. on april twentieth two thousand and ten approximately nine forty five pm. methane gas from the well ignited. eleven workers were never found. the deepwater horizon sank on the morning of april twenty second birthday. shortly there after

the u.s. coast guard began to observe an oil slick spreading from where the rig once stood in the well as blasting full force individual and recorders or at least not meanwhile no plates are not there for eighty seven days that oil would flow without pause leaving the u.s. government the oil industry and the world scrambling for solutions or to steal told the truth is we don't know when that's going to start doing everything we can finally on july fifteenth the well was capped and the oil stops flowing and the world turned its attention elsewhere but the story wasn't over it was a bigger story. southern united states is sort of the rehearsal for us imperialism. the first twenty years the world companies had in the twentieth century in the easy and there was no tax on what they're appropriating from the museum the sociologist called

internal formula is we're kind of a colony of the united states for a colony where you can get oil and gas you take all the resources but you really don't ever correct the problems of government and the corrupt state as the demand for oil growth the oil companies grew in power the first chile ran louisiana there was nobody could stand up to them. until a larger than life character came along. he called himself the confession managing . or you can be and you have yet. been very well he was a populist very much for the little man against big corporations and the exploitation of the state by big corporations that crap but out of it they ran the fact that they feel they have enough that now that. they can do little he made his reputation on fighting federal and getting them to pay for things that the state could not

afford on its own and weak they really had their fate ruled by and not bought along and the it i had bought and. the reason why our standard came here is because we had something that they would so he made them pay for his position was that these resources baloney to the people of louisiana imam ali. have let that man think that the faith of let them have it but i'm happy that people say if you are going to do the things that he want to do provide better roads provide that ahead. if people provide books for poor people if they have money in the people who headed my i would want to phone him. create a very polarized political system people into him. look like robin hood he was taken from the church and redistribute among those who did not have enough when he starts to go after standard oil he ends up becoming the target of impeachment

attempts i was elected through the louisiana we are late king. and they tried to impeach will not be done when. so many the upper class went on the record saying that there was something needs to be done about the playground it came to describe . a month after announcing that he would run for president long was shot in the louisiana state house in baton rouge on september eighth one thousand nine hundred thirty five his bodyguards riddled the assassin with thirty bullets huey died two days later at the age of forty two. his last words were don't let me die i've got so much to do. this if we gave them all and put in after. their old companies which have been

treated as adversaries have become the sophisticated allies of the powers that be with the kingfish out of the way the oil companies power in the wee sienna grew unabated and they drilled wherever they wanted it's been a symbiotic relationship for about one hundred years where you have two massive employers the fisheries and big oil and it's really become a part of louisiana's culture mississippi's culture that big oil needs to happen because that's what keeps the food on people's plates. in nineteen thirty eight the first offshore oil discovery in the gulf of mexico was the creole field near cameron louisiana they drilled in about twelve feet of water there are more than four thousand production platforms drilling rigs off the louisiana coast it is like a steel forest out there. originally the original run off the coast but as

those fields played out they began moving further and further as they develop the technology to parish drilling platforms one of those companies that was aggressively pushing into the deepest and most risky. was b.p. . by the one nine hundred sixty s. b.p. developed a reputation for taking on the riskiest ventures. b.p. massive profits it also warned them the worst safety record in the industry. in one nine hundred sixty seven the torrey canyon an oil tanker chartered by b.p. ran aground off the coast of england. over one hundred tons of crude oil dumped into the atlantic and on to the beaches of cornwall. and brittany the largest oil spill ever. around the time of the torrey canyon spill a young man joined b.p. as an apprentice he eventually rose through the ranks to leave b.p. his name was john brown brown acquired other oil companies transforming b.p.

into the third largest oil company in the world in response to negative press on b.p.'s poor safety standards brown replanted the company with an eco friendly logo and renamed the company beyond petroleum he also initiated rapid expansion and drove record profits one of the ways he did this was by ruthlessly cutting costs. back was. on march twenty third two thousand and five fifteen people died in an explosion at b.p.'s texas city refinery one hundred seventy more were injured to save money major upgrades to the one nine hundred thirty four refinery had been postponed. brown pledged to prevent another catastrophe three months later b.p.'s giant new production platform in the gulf of mexico. nearly sank because of

a workman's error. then in march two thousand and six a hole in b.p.'s probe a pipeline caused over a quarter of a million gallons of oil leak the worst spill ever on alaska's north slope b.p.'s cost cutting and poor maintenance of the pipelines was responsible. in may two thousand and seven after committing perjury regarding his involvement in a sex scandal brown was succeeded by a new rising star his name was tony hayward. hayward promised that he would be focused on safety like a laser this is a fundamental lack of leadership and management in the area placed in. the deepwater horizon had just completed drilling the deepest well ever in north america b.p. hoped the rig could extract oil record apps in the gulf of mexico but eleven days before the disaster on april ninth drilling mud pressure dropped and the oil well

showed signs of a dangerous gas build up. the president's commission on the oil spill would later find that b.p. and its contractors ordered the crude to ignore the rigs warning systems and keep drilling according to the christian science monitor on the day of the explosion a team of engineers who had flown to the rig to run a critical safety test were ordered by b.p. to skip the test instead. b.p. threw a party aboard the deepwater horizon to celebrate the rigs flawless safety record the engineers were air lifted off the rick. twelve hours later. the safety alarms and shut down systems that could have saved lives and possibly altered history had been manually disabled so the rig could drill faster. well things with. science technology innovation all the least of melons from

around russia we've got this huge you're covered. today violence is flared up. these are the images the world has been seeing from the streets of canada. operations are today.

could you take three. four charges free to make amends three. three. three. videos for your media projects c.e.o. don darn. easy for this is about thirty percent of the seafood the same stuff number one in blue priam. so it is

an industry a multibillion dollar industry. of health and human services the f.d.a. sent a letter to the state of louisiana and the state of mississippi saying we think it's ok to reopen these fish grounds state officials having someone to pass the buck to the grouse or improperly opened open them we have to gain back the market share that we've lost the perception of folks that there could be a problem in the gulf we have to overcome that and we're busy at that every day something goes wrong they could say well we were told we could do it by the f.d.a. our department pulls hundreds of samples we pull hundreds of samples a month along with our federal partners the e.p.a. no one and the food and drug administration on. this is louisiana. you'll notice. here for this entire area here this green area we're testing for the

hydrocarbons in the water and the dispersants literally at this point thousands of tests have been run. one shrimp sample not a single one has reached a level of heat of concern for human hail the fraud they hire laboratories who set artificially high minimum detection levels that say that background is five parts per billion of a chemical they set the sensitivity to twenty so when all the tests come back it says detect neither fact not in fact they needed that kind of fifteen. if they do it. is still in the trial the wall of the gulf of mexico is the toilet of the oceans for the whole country safety requirements that are all political in florida you know on the east coast are not the political inside the gulf of mexico we're the most deregulated portion of the entire country when it

comes to offshore drilling. they say we're more prepared. than ever why the you're prepared or you're not ok they obviously weren't prepared because they were prepared they could have actually responded to the b.p. spill and contained it where was the equipment and that's the entire industry and was it just. they were supposed to have eventually for let's said it didn't exist it just didn't exist they live it was. the response group to put together these spill response plans the same spill response plan that b.p. use is used by shell and exxon and chevron and it talks about walrus is in the gulf of mexico now we don't have walrus is in the gulf of mexico this in areas that they were planning for we're not even close to what happened in real time at the

deepwater horizon we went down to the water to see what we could find. just in the sand was think black oil that had been covered. it stretch for miles in each direction this is like a tar that has faults like a liquid as faults. in nearby orange beach and dolphin island alabama machines plowed the oil into the sand while people swam in the water. we were approached by a representative from b.p. has he been any i don't let me explain you. know. how they're nothing more i agree say or let's talk about tar balls because it's largely been tar balls we have boom deployed throughout the hurriya but we're pulling out a lot of that boom off because there simply is no surface oil. we have had as many as nine hundred people playing the beach pick up the beach every day and sometimes at night. b.p.

and its contractors were hard at work making sure it looked like nothing had ever happened. local residents were getting fed up demonstrators believe the tragedy in the gulf now more than ever bolsters what they believed all along we came down here to find solutions. for the. only way to get around the roadblocks was just to avoid the road completely ac cooper a local fisherman agreed to take us out into the cold ninety percent still it so we've got a concern over some of. the stuff you just the whole life we were advised to wear masks because the air was thick with the smell of oil and the chemicals used to break it up our captain took a more fatalistic attitude toward wearing protective gear he felt the damage was already done. and. you don't really know the fishing grounds that had been reopened showed signs of visible oil not. swimming in the

middle one patrick world was a dolphin. we tried to track it but once again we were stopped by the authorities and told to. turnback. this is jeff goodell a new york times celebrated author writing an article for rolling stone he spent months in the gulf interviewing people and investigating the oil spill you know i've been looking out at this day and it sort of looked normal to him there wasn't like there was oil slick floating out there we noticed that some of the dolphins and they came up with cough and i asked the dolphin expert is that dolphin coughing or my imagine this and he said no that's it's a coffee he said dolphins often react this way to stress. sort of a heart wrenching moment where i really understood the real damage and complexity of this oil spill was not something you grasp just by looking at dirty birds.

they're serving on a ship in washington d.c. . they're still serving go soon for that all over the country. today in minot with one of the cleanup crews anyone need a while into the most wanted time in the morning in the milestone coming up a little so now those will not be mine. in the aftermath of the oil catastrophe in the gulf the line between truth and fiction blurred so easily. everyone wanted the oil to be gone and there was certainly evidence to suggest that it wants. this is professor ed overton from louisiana state university like many of the science departments of state universities in the gulf coast after the deepwater horizon disaster his

department quickly received a large grant from b.p. this oil is going away at such an incredible speed the bacteria that are out there the billions and billions of these. hydro and utilizing bacteria look good for somebody they're rapidly degrading the residual all that's out there orbit and seventy five percent is gone right now it gets rapidly go and if we're going to talk about it over time when you talk about how he was talking one way right when the oil disaster happens this is not louisiana sweet crude it's a very dark crude it's going to be harder to clean up and have other other ramifications and then all of a sudden the department he works under for ls you gets a ten million dollar research grant from b.p. now all the sudden it turns into the nicest louisiana sweet crude ever now all the sudden the microbes are just going to eat it all up joining me is alice you environmental scientist ed overton and we're over to after dr overton got its grant he went on the media to ultimately this all will will get converted by natural

bacteria back to call the dockside where it came from initially as you say this is about all that's leaking each day with as little a bottle full of stuff that that's all that it does seem that bad honestly apart gropes will try to degrade it i think our environment is going to come out relatively easily unscathed i mean it doesn't take a genius to see what's happening here people are being paid off or they're being threatened. on july fifteenth two thousand and ten heads tour ended with good news b.p.'s contractors had stopped the undersea oil gusher with a temporary plug. but there was at least one person who felt the oil hadn't gone away. this is matthew simmons the founder of simmons and company the largest oil investment firm in america in the late ninety's simmons discovered that saudi arabia was lying about their oil reserves the realization that the largest oil fields on earth were soon to decline changed his life he became an advocate of wave

energy invested into its development she wrote a book about the coming and middle eastern oil. as the drama of the deepwater horizon played out. matthew spoke up and what he said was shocking. it's almost. just large research this. was the most specific information we know eleven hundred meters below the surface is not the next is the poor going to your four hundred meter lake under a heavy oil lease itself last. august for the white house senate climate and energy advisor carol browner on a series of t.v. interviews where she countered simmonds assertions more than three quarters of the oil is gone and the vast majority of the oil is gone it was captured it was

standing it was fur and it was contained but mother nature did her part there was certainly an effort to control the way this event was seen in this event was a media story it had that quality to it of every night the drama who did it you know when's it going to get capped there was this soap opera quality to it it happened on this day the wealth of the and then here we go we're going to each day each day come back tomorrow night and see more birds and we're going to go look for more suffering sea turtles and then the next night we're going to go meet the guys who were working on the rig and then you had an ending oh we got capped oh good the story is over we can all go home now who's going to stick around to see what the real consequences of this were. apart from a handful of bloggers and activists the major media networks left the gulf coast.

but something wasn't adding up five days after carol browner was on the today show matthew simmons was found dead in his hot up. according to the autopsy the cause of death was drowning. symons death might have been just a freak accident the timing of events a coincidence. in one thousand nine hundred ninety exxon valdez oil tanker carrying fifty three million gallons of crude oil ran aground in prince william sound spilling oil into pristine alaskan waters. exxon developed its own proprietary chemical compound to disperse the oil. they called it corrects it correct contain another chemical capable of breaking apart the oil into small droplets that would sink below the sand and water that chemical was to talk c f and a known side effect to become

a coal was damaged or red blood cells. left local residents were left with oil be choose fouled fisheries and long term health problems. for the next twenty years dr riki on track that helped of local residents and tested the alaskan water and soil during the time the least worst was used the dispersants were surprisingly not which leads. us to a great year to solve the plastic raise your right hand eagles good bird rashes bloody good still hearing was sickly the worst to this day and the sickest ones are the ones who used to disperse and. dying. wealthy british style facade. that's not out to the tightest life i've.

markets why not come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to kaiser report. let me let me i want to know wouldn't let me ask you a question. here on this network as we're having a debate we have our knives out. the truth is this right to space thing never get here in a situation where b. and i don't want to talk about the name and we.

want to tell more about washington d.c. and here's what's coming up tonight on the big picture president obama has just finished remarks in the white house and the i.r.s. scandal but how does this controversy and the other recent ones compare to watergate scandals and others of the past i'll ask newsweek's eleanor clift just a mom also revelations that the justice department seized the phone records of the associated press reporters as the media up in arms about freedom of the press or where was all this outrage when peter king said he wanted to prosecute julian assad is using the espionage act so i love this and more than i was lone liberal rubble and there's only one thing i want to say to all the former bush administration.